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now, there are two numbers that the obama side, the democrats want to change. there are two top rates. the 33 and the 35. under the obama plan, the 33 would go to 36, the 35 would go to 39.6. you know, if you're trying to negotiate a compromise, you can start to play with each one of those numbers and try to find something. the huge problem for the republicans on doing that is they're opposed to any kind of tax increase on principle. so it's very hard for them to go into the negotiations that way and say, well, we could live with 37. well, if you do that, you have violated everything you've said about what you stand for prior to that. min i mean, the easier way for boehner to handle this is to allow if not secretly encourage a vote to occur in the house on the senate bill. if boehner were to allow a couple of dozen of his people it to go sign the discharge petition so that that comes to a vote and it comes to a vote without boehner having his fingerprints on it, allowing some republicans to go over there and just vote for that, that's the cleanest way to get it
now, there are two numbers that the obama side, the democrats want to change. there are two top rates. the 33 and the 35. under the obama plan, the 33 would go to 36, the 35 would go to 39.6. you know, if you're trying to negotiate a compromise, you can start to play with each one of those numbers and try to find something. the huge problem for the republicans on doing that is they're opposed to any kind of tax increase on principle. so it's very hard for them to go into the negotiations that...
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Nov 29, 2012
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president obama's position means that taxes are going you up one way or another. congressman cole as you heard, they believe they should give this one to the president not because they want to, but because they have to. republican leaders though, they disagree. >> i told tom earlier in our conference meeting that i disagreed with him. it will hurt our economy, that is why this is not the right approach. >> you can agree or disagree with that position. however, keeping them honest, house speaker and others have been trying to play down the fact that president obama and others got a significant boost from voters. in politics there is the temptation from those who win office to think that they have a mandate to do what they will. they re-elected the house republicans. so whether people intended or not, we have divided government. >> the american people made clear that there is no mandate for raising tax rates. >> keeping them honest. president obama campaigned and won. so his victory throws cold water on that claim. democrats gained seats in the senate and on the hou
president obama's position means that taxes are going you up one way or another. congressman cole as you heard, they believe they should give this one to the president not because they want to, but because they have to. republican leaders though, they disagree. >> i told tom earlier in our conference meeting that i disagreed with him. it will hurt our economy, that is why this is not the right approach. >> you can agree or disagree with that position. however, keeping them honest,...
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Dec 7, 2012
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. >> are you saying then, for pr purposes, that they should give in to obama on the tax rate? >> not exactly. well, yeah, i guess i am. >> you're saying to capitulate to obama who's -- we don't have a revenue problem, ann. >> we lost the election, sean. >> what was that? i mean joy. >> stop making sense, ann. >> we should have led with that. it is like ann coulter is admitting the republicans lost and some deal should be in order. >> when ann coulter is the sanest voice in your party it might be time to going back to being the wigs. it's a it tough time for republicans. she's right. the republicans at this point are negotiating the terms of their surrender on the tax issue. from a pr standpoint and a real standpoint they can't look like all they care about is defending those top 2% rates. >> absolutely. >> if i can go back to what joan said, i think the problem is that if you look at ann coulter even, feeds into the same thing, people like jim demint may be leaving the senate but it's like the movie "aliens" he's seated the host with the alien baby. >> oh, god. >> all these pe
. >> are you saying then, for pr purposes, that they should give in to obama on the tax rate? >> not exactly. well, yeah, i guess i am. >> you're saying to capitulate to obama who's -- we don't have a revenue problem, ann. >> we lost the election, sean. >> what was that? i mean joy. >> stop making sense, ann. >> we should have led with that. it is like ann coulter is admitting the republicans lost and some deal should be in order. >> when ann...
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Dec 4, 2012
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but not without higher taxes for the wealthy. the president sat down with bloomberg for his first tv interview since the election and the fiscal cliff face off. he reiterated that lying in the sand is higher taxes for the wealthy. he gave republicans some room to maneuver. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlemented ientitlements i'm prepared to make, we have to see the rates on the top 2% go up. we're not getting a deal without it. understand the reason for that. it's not me being stubborn or partisan, it's a matter of math. >> and the gop plan, which was unveiled yesterday, includes $800 bill onin new taxes made through closing loopholes and deductions and not raising rates. compare that to the president's plan and that's about half of what the white house asked for. republicans propose 600 billion in entitlement saving including raising the medicare req
but not without higher taxes for the wealthy. the president sat down with bloomberg for his first tv interview since the election and the fiscal cliff face off. he reiterated that lying in the sand is higher taxes for the wealthy. he gave republicans some room to maneuver. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and...
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Nov 30, 2012
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i didn't raise your taxes. oh, by the way, my base, you wealthy folks over here, look what obama did to you. he raised your taxes. that's only going to infuriate the wealthy even more. the fact here is is that he has given them something they can campaign on plus they can turn around and say, these are his cuts to medicare, not ours. i don't now why they don't take this deal for the good of the country and come back and fight another day. >> to say democrats are not serious about entitlements, $400 billion of cuts to medicare is a cut to entitlements. that's going to mean hardship for seniors. that's a real cut. now, you can pretend like the hospitals are going to swallow all of that cost cut. they're not. they're going to pass that on. that means less health care. those are real dollars. and so you can say that democrats are not serious, but $400 billion to most people, that's real money. >> well, the obama team is saying they can find these costs in inefficiencies and providers. that's where they're going to
i didn't raise your taxes. oh, by the way, my base, you wealthy folks over here, look what obama did to you. he raised your taxes. that's only going to infuriate the wealthy even more. the fact here is is that he has given them something they can campaign on plus they can turn around and say, these are his cuts to medicare, not ours. i don't now why they don't take this deal for the good of the country and come back and fight another day. >> to say democrats are not serious about...
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part one taxes. in the new year, taxes go up on everyone unless washington takes action. the government needs more money. president obama wants to get some of it from the top 2% of wage earners. he wants to raise their tax rate and limit how much they can deduct. the white house says this will bring in $1.6 trillion over ten years. >> that's what the american people have voted for. >> republicans say they'll agree to bring in more money, but not by raising tax rates. in fact, they want to lower tax rates for everyone. instead they'd raise money only by limits deductions and closing loopholes. speaker boehner says this will raise $800 billion over ten years. >> america faces a serious problem. our goal is to make sure it gets solved. >> step two, avoiding the drastic spending cuts that begin on january 1st, the so-called sequester. both sides want to find savings in medicare, but disagree about how to do it. >> we need a responsible white house. we can't sit here and negotiate with ourselves. >> and step three? the debt limit. >> i will not play that game. >> because we've
part one taxes. in the new year, taxes go up on everyone unless washington takes action. the government needs more money. president obama wants to get some of it from the top 2% of wage earners. he wants to raise their tax rate and limit how much they can deduct. the white house says this will bring in $1.6 trillion over ten years. >> that's what the american people have voted for. >> republicans say they'll agree to bring in more money, but not by raising tax rates. in fact, they...
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Dec 7, 2012
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will fall back into recession if president obama and congressional republicans can't head off big tax increases and government spending cuts that are now 25 days away. for now, the administration is looking at the economy's bright side. let's go live to our white house correspondent dan loathian. >> reporter: the white house says it is another indication that the economy is starting to heal from some of the wounds inflicted by the economic downturn. vice president joe biden out speaking with middle class americans today said that the u.s. economy has turned the corner. he was very emphatic about that saying saying it is moving in a positive direction. at the same time, he was putting pressure on lawmakers to come to an agreement to avoid the fiscal cliff. it was yet another white house effort to rally support around its approach to the fiscal cliff. joe biden sitting down with seven middle class americans worried about their taxes going up. >> these are hard working, serious americans who are playing by the rules, doing it all right, and struggling already in this economy. >> reporter
will fall back into recession if president obama and congressional republicans can't head off big tax increases and government spending cuts that are now 25 days away. for now, the administration is looking at the economy's bright side. let's go live to our white house correspondent dan loathian. >> reporter: the white house says it is another indication that the economy is starting to heal from some of the wounds inflicted by the economic downturn. vice president joe biden out speaking...
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Dec 2, 2012
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it's been 16 days since president obama and congressional leaders gathered to talk about how to avoid the fiscal cliff, the automatic spending cuts and tax increases that go into effect january 1. >> i think we're farther apart but we're coming together. >> i think we're nowhere, period. >> thursday treasury secretary tim geithner presented obama's plan, including $1.4 trillion in tax increases. >> there's not going to be an agreement without rates going up. >> president obama also proposed a $16 billion of spending cuts. >> i'm just flabbergasted. i looked at him and said you can't be serious. >> the house speaker says republicans put increased revenues including efforts to close tax loopholes and put the tax cuts on the table instead of raising tax rates for anyone. >> if there's another way to get income from upper income americans that doesn't hurt our economy, then why wouldn't we consider it. >> those are publicly unchanged deadlines. whether political theater or political reality, there's more to going over the fiscal cliff far beyond hypothetical. >> i think we're going over t
it's been 16 days since president obama and congressional leaders gathered to talk about how to avoid the fiscal cliff, the automatic spending cuts and tax increases that go into effect january 1. >> i think we're farther apart but we're coming together. >> i think we're nowhere, period. >> thursday treasury secretary tim geithner presented obama's plan, including $1.4 trillion in tax increases. >> there's not going to be an agreement without rates going up. >>...
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president obama demanding higher tax rates for the wealthy and permanent extension of the debt ceiling be part of a deal. >> he showed what is he is after is assuming unprecedented power without limit. >> reporter: republicans say they will only raise tax revenue in exchange for deep spending cuts. if washington can't strike a deal one casualty would be the end of compensation for long term unemployed, people like melinda worried. >> christmas and things of that nature probably off the table. >> reporter: aides met yesterday but no signs of progress. tahman bradley, abc7 news. >>> if you park at a bart station while riding the trains get ready for potential hike in fees by 50 cents twice a year at high volume lots. it would cap the increases to $3 a day. currently commuters shell out a dollar. west oakland costs five. bart makes 15 million dollars a year in parking fees, an increase could mean extra five million dollars annually. >>> muni offering riders a holiday gift, free rides only good on december 28th, the 100th anniversary of the agency. transportation officials say lost revenue
president obama demanding higher tax rates for the wealthy and permanent extension of the debt ceiling be part of a deal. >> he showed what is he is after is assuming unprecedented power without limit. >> reporter: republicans say they will only raise tax revenue in exchange for deep spending cuts. if washington can't strike a deal one casualty would be the end of compensation for long term unemployed, people like melinda worried. >> christmas and things of that nature...
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Nov 30, 2012
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president obama has thrown down the gauntlet on taxes and while the gop is stomping its feet at making the wealthy to pay a bit more, he's making his pitch to the people. at a toy factory today, he warned them to play nice. >> joe biden was in costco. he wanted to buy some of this stuff. but i told him he had too much work to dochl i wasn. i told him he wasn't going to build roller coasters all day long. of course, santa delivers everywhere. i've been keeping my own naughty and nice list for washington. so you should keep your eye on who gets come kinects this year. there are going to be some members of congress who get them and some who don't. >> what sort of plan do you give the republican who won't agree with anything? this one, of course. the president is asking for a $1.6 trillion tax increase, $50 billion in economic stimulus, and the power to raise the debt limit without congressional approval. meanwhile, he will work the fine savings in entitlements. not to the man sitting on the naughty list. senator mcconnell said that he burst into laughter at the proposal. you know what is
president obama has thrown down the gauntlet on taxes and while the gop is stomping its feet at making the wealthy to pay a bit more, he's making his pitch to the people. at a toy factory today, he warned them to play nice. >> joe biden was in costco. he wanted to buy some of this stuff. but i told him he had too much work to dochl i wasn. i told him he wasn't going to build roller coasters all day long. of course, santa delivers everywhere. i've been keeping my own naughty and nice list...
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i'm not quite as sanguine as you are with obama care and the tax rates going up and also the big burden of the debt. but you know, republicans have to have a growth message. and i just don't think they articulated dmind of alternative. david is right. all they talked about was obama's policies aren't working. but if you ask americans today what are republicans for, they don't have a solution. republicans have to talk about choice. charter schools, vouchers, anything that give minorities more opportunities. >> david? >> look, i'm in favor of the republicans being a low tax party. here's the danger. when republicans say taxes, they mean income taxes. 80% of americans now pay more in payroll taxes than they pay in income taxes. payroll taxes will go up at the end of the year. the payroll tax holiday will end. that's a big tax increase for everybody. 80% of americans pay more. and where is the republican plan to hold the line on those people? if taxes only mean the tax, the income tax portion of tax burden for four fifths of the country, you're talking about something that doesn't matter th
i'm not quite as sanguine as you are with obama care and the tax rates going up and also the big burden of the debt. but you know, republicans have to have a growth message. and i just don't think they articulated dmind of alternative. david is right. all they talked about was obama's policies aren't working. but if you ask americans today what are republicans for, they don't have a solution. republicans have to talk about choice. charter schools, vouchers, anything that give minorities more...
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." >>> we begin with president obama taking his battle to extend tax cuts for the middle class into the heart of the middle class suburb today. he visited a family just outside washington, d.c., using their story to dramatize what will happen in just 26 days if he and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan lothian. he's on the scene for us over at the white house. how did it go, dan? >> reporter: well, wolf, we've seen the president do this before in the past whenever he's locked in negotiations with lawmakers. he heads out on the road, either goes to a backyard or sits down around a dinner table to put pressure on congress. that's what he did today when he went to falls church sitting down with the santana family. their parents who also are employed live in the household with them. so if taxes do go up on middle class americans, the overall hit on that household will be $4,000. so they're very concerned, but they
." >>> we begin with president obama taking his battle to extend tax cuts for the middle class into the heart of the middle class suburb today. he visited a family just outside washington, d.c., using their story to dramatize what will happen in just 26 days if he and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan...
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Nov 29, 2012
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president obama is adamant about protecting existing income tax rates for middle income earners and raising them on the wealthy. for the president the politics of this is very simple. he he ran on that issue and against republican obstructionism and won. if republicans don't relent on his issue, other fiscal cliff matters won't be discussed in the president's campaign to end the stalemate will continue. -election pond time since winning re-election, president obama welcomed the applause of hand-picked supporters and wa his calls tolicans not to ignore is calls to protect middle class households. >> it's time for us to work on >> reportel agreed to, which is allow eep middle class tax cuts for >> tax cuts for households that earn more than $250,000 to in a expire. increase.complicity and tax rate theyease. sted.hey're not interested. >> you're not going to grow the ou raiseif you raise tax rates on the top two rates. smalll hurt small businesses. econill hurt our economy. approach.y this is not the right r: toach. anythis impasse is one of many geithnerreasury secretary tim geithner, mr. oba
president obama is adamant about protecting existing income tax rates for middle income earners and raising them on the wealthy. for the president the politics of this is very simple. he he ran on that issue and against republican obstructionism and won. if republicans don't relent on his issue, other fiscal cliff matters won't be discussed in the president's campaign to end the stalemate will continue. -election pond time since winning re-election, president obama welcomed the applause of...
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Nov 29, 2012
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president obama is upping the ante in the delicate fiscal of talk. confirming today the white house making no concessions with republicans and taking a hard line on new taxes. the latest proposal includes over one half trillion dollars tax increase, double the republicans want, and it wanted up-front. also $50 billion in new stimulus spending. they want to raise the federal debt limit without congressional approval. no spending let's. the brakes are off. with more on this, the ag holds 18, president of american action far and former cbo director. welcome to you both. i just want to mention a couple of other things that are in this proposal which frankly shocked me. the payroll tax break continues. we have bipartisan agreement that it would expire. and then a permanent increase in the debt limit. we said that. a one-year extension of expanded jobless benefits. the list goes on and on. it's like a christmas tree. >> i think it's very unfortunate there was a moment not too long ago when we thought there was a fair amount of consensus of apparel taxol th
president obama is upping the ante in the delicate fiscal of talk. confirming today the white house making no concessions with republicans and taking a hard line on new taxes. the latest proposal includes over one half trillion dollars tax increase, double the republicans want, and it wanted up-front. also $50 billion in new stimulus spending. they want to raise the federal debt limit without congressional approval. no spending let's. the brakes are off. with more on this, the ag holds 18,...
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president obama's insistence that any deal include higher tax rates for high-income earners. we asked wyatt andrews to tell us how that might affect small businesses. >> so we need a couple of boxes for these. >> reporter: kevin green owns two flower and gift shops in alexandria, virginia, and he says raising taxes on the wealthy won't just hurt him. it will hurt his workers and the economy. >> all you do is reduce the capital available for investment and employment. >> reporter: small business owners typically report business income on their personal taxes. in a good year, green's income will exceed $250,000, making him one of the taxpayers the president says should pay more. in his case, an estimated $8,000 more. what's the economic downside to asking eight more thousand dollars for you? >> i don't have $8,000 to spend on those employees or that inventory or the business that draws customers. >> reporter: by congressional estimates there are some 941,000 high-income small businesses. the president says that number includes truly rich small firms like hedge funds, but when r
president obama's insistence that any deal include higher tax rates for high-income earners. we asked wyatt andrews to tell us how that might affect small businesses. >> so we need a couple of boxes for these. >> reporter: kevin green owns two flower and gift shops in alexandria, virginia, and he says raising taxes on the wealthy won't just hurt him. it will hurt his workers and the economy. >> all you do is reduce the capital available for investment and employment. >>...
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what's balanced about 4:1 tax hikes to spending cuts? >> well, first let me say harry misspoke. he meant that they've already done a trillion dollars in cuts in the last resolution and those play out over the next ten years. and that's correct. that's a fact. and the president has said consistently both on the campaign trail and after the election that he's for something on the lines of simpson-bowles which is at least 2.5:1 spending cuts to taxes. and i think he laid out the 400 and then said to the republicans you bring me other cuts and i'll consider them. and i think he understands that there will be significantly more spending cuts including on entitlements than there are taxes. >> so this is an opening point. >> an opening gambit as chris ten wel kristen welker said. the president's always been criticized by putting what he really wants on the table first. you do don't do that, staurt with something that's reasonable. ic ti think the $1.6 trillion i reasonable. but he knows he won't get $1.6 trillion in revenue. but he puts that out there because i think he probably wants
what's balanced about 4:1 tax hikes to spending cuts? >> well, first let me say harry misspoke. he meant that they've already done a trillion dollars in cuts in the last resolution and those play out over the next ten years. and that's correct. that's a fact. and the president has said consistently both on the campaign trail and after the election that he's for something on the lines of simpson-bowles which is at least 2.5:1 spending cuts to taxes. and i think he laid out the 400 and then...
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Dec 4, 2012
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>> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find themselves on the verge of collapse. so that's not a realistic option. >> reporter: but the president didn't say all this to speaker boehner. he said it in an interview on bloomberg tv. the last time the two men spoke was almost a week ago. president obama is focused on the stalemate with congress over averting the fiscal cliff, but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >>
>> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree...
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Nov 29, 2012
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you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses or hurt our economy. >> meanwhile, president obama is again stepping into defend susan rice who was locked in a face-to-face power struggle with republicans on capitol hill for the second straight day. as nbc's andrea mitchell reports, it's not getting any easier for the women many believe who will be nominated for the next secretary of state. >> the primary purpose from my perspective -- >> with hillary clinton nodding approval, the president sent a strong message to the republicans, don't mess with my u.n. ambassador. rice a welcomed signal that her nomination is still alive despite another brutal day on capitol hill. >> the u.n. ambassador decided to play what was essentially a political role at the height of a contentious presidential election campaign. >> i would just ask the president to step back for a moment and realize that all of us here hold the secretary of state to a very different standard than most cabinet members. >> reporter: why is she s
you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses or hurt our economy. >> meanwhile, president obama is again stepping into defend susan rice who was locked in a face-to-face power struggle with republicans on capitol hill for the second straight day. as nbc's andrea mitchell reports, it's not getting any easier for the women many believe who will be nominated for the next secretary of state. >> the primary purpose from...
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Dec 3, 2012
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that would come through a somewhat tax reformed process. right now we're seeing the exact opposite. president obama is sticking firm with what he offered in his budget release, or at least in his opening bid and boehner is kind of chasing over obama with more or less compromised proposals saying, why won't you work with me, give more, sacrifice more? look, we're early here and most of the people i talk with in washington are saying we're not going to get deep into this until mid-december at least. if we do a process of kind of incrementally coming from in between the two proposals, you could very easily imagine between obama and boehner on tacks is $1.2 trillion. that's where they end up on mandatory spending, 750. that wouldn't be a shocker either. boehner's opening bid here is not the bid of the side in the stronger position. it's a side desperately trying to get the press to compromise. >> now, michelle whark we don't see in the counteroffer is extension of payroll tax cut, extension of unemployment, raising the debt ceiling. none of thi
that would come through a somewhat tax reformed process. right now we're seeing the exact opposite. president obama is sticking firm with what he offered in his budget release, or at least in his opening bid and boehner is kind of chasing over obama with more or less compromised proposals saying, why won't you work with me, give more, sacrifice more? look, we're early here and most of the people i talk with in washington are saying we're not going to get deep into this until mid-december at...
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obama, if he got his taxes on the rich, is still $8 trillion short over the next decade. that's where the energy taxes he's going to present and the value added tax that ultimately turns us into a european welfare state only of that can pay for obama's sized government. >> wow. grover, unfortunately we have to leave it there. our discussion of unicorns will continue, i'm sure, at least up until december 31st. thank you for joining us today as always. >> you got it. >> after the break, offer ver ses counteroffer. we will break both down with ezra klein when he joins us next on "now." i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and
obama, if he got his taxes on the rich, is still $8 trillion short over the next decade. that's where the energy taxes he's going to present and the value added tax that ultimately turns us into a european welfare state only of that can pay for obama's sized government. >> wow. grover, unfortunately we have to leave it there. our discussion of unicorns will continue, i'm sure, at least up until december 31st. thank you for joining us today as always. >> you got it. >> after...
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Nov 29, 2012
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president obama ran on raising taxes on the wealthiest americans and not hitting beneficiaries of medicare, medicaid and social security. this is his leverage. >> this shouldn't be a surprise to anybody. this was a major debate in the presidential and congressional campaigns across the country. a clear majority of americans, not just democrats but also a lot of republicans and a lot of independents agreed we should have a balance approach to deficit reduction that doesn't hurt the economy and doesn't hurt middle class families. >> republicans spent the last four years saying that president obama doesn't understand the economy. voters said that they were wrong. now, john boehner has really worked himself into a position. he is really in an untenable position. he is going against the majority of americans here. he is willing to say, our ideology is more important than the way you think and the way the majority thinks in this country. you know what the democrats ought to do. they ought to resource his district. you know he that boehner ran unopposed. maybe if he knew that the full throat of t
president obama ran on raising taxes on the wealthiest americans and not hitting beneficiaries of medicare, medicaid and social security. this is his leverage. >> this shouldn't be a surprise to anybody. this was a major debate in the presidential and congressional campaigns across the country. a clear majority of americans, not just democrats but also a lot of republicans and a lot of independents agreed we should have a balance approach to deficit reduction that doesn't hurt the economy...
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end of the day president obama is selling a simple message, i want to keep taxes low for middle-class americans and republicans look like -- i'm worried are in the position offiof ing -- looking as fe the don't care about middle class. >> joining us is the sage of capitol hill, boat shoe enthusiast and celebrity doppelganger, nbc's luke russert. >> good day. happy monday. >> thank you, luke. it's an exciting time on capitol hill my friend. i want to focus first on the gop. is the party coming together, coalescing around something, anything, relating to the fiscal cliff? >> well, i think they're coalescing around anything it's for speaker boehner to continue the negotiations and not give a single inch. the gop has done very well over the last few years is in the negotiations with president obama. they've held a hard line to the very end including during the debt limit where john boehner is allowed to say he got 98% of what he wanted. what you have to look for is the splinter that tom cole started last week, heard mr. chris toll say about how the president has an effective bully pulpit
end of the day president obama is selling a simple message, i want to keep taxes low for middle-class americans and republicans look like -- i'm worried are in the position offiof ing -- looking as fe the don't care about middle class. >> joining us is the sage of capitol hill, boat shoe enthusiast and celebrity doppelganger, nbc's luke russert. >> good day. happy monday. >> thank you, luke. it's an exciting time on capitol hill my friend. i want to focus first on the gop. is...
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the obama administration says, agrees that law is unconstitutional. that law is now being defended by a lawyer hired by the republicans in the house of representatives. so that -- that is one case. the other case is the proposition 8 case in california. if you recall, california -- there was a referendum -- the california supreme court ruled that there had to be same sex marriage under the california constitution. gay people had the right to get married there for a brief period of time. then there was an initiative put on the ballot, proposition 8, california voted in a close election to overturn same sex marriage. same sex marriage was banned after it was briefly legal. the federal district court had a trial there, and said that law, proposition 8, banning same sex marriage, is unconstitutional. that was affirmed on appeal, that is now appealed to the supreme court and they will now decide whether proposition 8 is constitutional or not. >> when we talk about this as being a historical sort of review, clearly there were different laws passed at the st
the obama administration says, agrees that law is unconstitutional. that law is now being defended by a lawyer hired by the republicans in the house of representatives. so that -- that is one case. the other case is the proposition 8 case in california. if you recall, california -- there was a referendum -- the california supreme court ruled that there had to be same sex marriage under the california constitution. gay people had the right to get married there for a brief period of time. then...
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, obama wants to give us the bad part of europe, without the good part. >>neil: thank you very much. they are not cutting anything. just slowing the growth. rebound and former president bill clinton hitting the links. this is a photo from last year. what we don't know what was said teen them this year my guest homes the former president was critiquing more than just his successor's swing. art laffer was the top reagan economic adviser and you voted twice for bill clinton because his prosecutor mix of taxes. explain that? >>guest: yes i sure did. but for the raise hikes at top end, he cut taxes on the working people between ages of 65 and 72. he cut taxes on trade and products. he cut government spending as a share g.d.p. dramatically and he cut the capital gains tax rate and butt in welfare reform. what do you want from a president that bill clinton did not deliver? he was a great president. >>neil: the investment taxes was that concurrent with what was going on in the income tax hike front? >>guest: no. it was not. the capital gains tax reduction which h
, obama wants to give us the bad part of europe, without the good part. >>neil: thank you very much. they are not cutting anything. just slowing the growth. rebound and former president bill clinton hitting the links. this is a photo from last year. what we don't know what was said teen them this year my guest homes the former president was critiquing more than just his successor's swing. art laffer was the top reagan economic adviser and you voted twice for bill clinton because his...
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the republican plan would raise tax revenue by not extending the current obama cut in payroll taxes. but the republican plan still refuses to raise the top income tax rates. yesterday, treasury secretary tim geithner made it clear that there can be no deal without higher top tax rates. >> last question, can you promise that we will not go over the cliff? >> no, i can't promise that. that's a decision that lies in the hands of the republicans that are now opposing increases in tax rates. if they recognize the reality that we can't afford to extend those tax rates, then we have a basis for the agreement and that's going to be the responsible thing to do and my judgment is they are going to do it. >> joining me now, ezra klein, huffington post, ryan grim. ezra, what do you make of the boehner proposal that was kind of cribbed from erskine bowles? >> two things. one, republicans are terrified about by the polls showing that they are going to immediately get blamed if they are not willing to compromise. the reason you initiate the bowles' plan is you say, look, they are going along with t
the republican plan would raise tax revenue by not extending the current obama cut in payroll taxes. but the republican plan still refuses to raise the top income tax rates. yesterday, treasury secretary tim geithner made it clear that there can be no deal without higher top tax rates. >> last question, can you promise that we will not go over the cliff? >> no, i can't promise that. that's a decision that lies in the hands of the republicans that are now opposing increases in tax...
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obama doesn't have a mandate to raise taxes. george bush cut taxes with a minus half a million mar jib gi the polls. so if that isn't enough of a mandate to do something about taxes, what is with the loss? >> we're going to miss you congressman frank. ending an incredible career in massachusetts. thank you so much. we're going to have you back, if we can. >> i'll be around. >> i'm going to ask you what you miss positively and negatively from the congress. thank for coming on tonight. >> you're welcome. >>> when we return, let me finish with whether the politicians will be able to do what's necessary this this month. you're watching "hardball," the place for politics. should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you
obama doesn't have a mandate to raise taxes. george bush cut taxes with a minus half a million mar jib gi the polls. so if that isn't enough of a mandate to do something about taxes, what is with the loss? >> we're going to miss you congressman frank. ending an incredible career in massachusetts. thank you so much. we're going to have you back, if we can. >> i'll be around. >> i'm going to ask you what you miss positively and negatively from the congress. thank for coming on...
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michael is the president and ceo of kinex. >> good morning. >> president obama said a fam of four's taxes could go up. what impact does that have? >> it's fantastic to have the president our endorser in chief. when you remove that discretionary income and toys are a discretionary purchase as are other things. you are having some potential impact on the entire economy. obviously, toys and other things, as well. >> the president's plan calls for raising the tax rates on americans earning $250,000 or more. most republicans remain dead set against the president's plan. >> that's true. i think, though, we have to take a look at the larger context. the larger context is we have a math problem. we have $2.5 trillion that we're taking in every year on the federal government and $3.5 trillion that we're spending. so, we're going to need a balanced approach of both revenue and spending cuts to teat there. so, that's what the president has been talking about and certainly something i can support. >> "the wall street journal" today senior administration officials say the white house not making any ne
michael is the president and ceo of kinex. >> good morning. >> president obama said a fam of four's taxes could go up. what impact does that have? >> it's fantastic to have the president our endorser in chief. when you remove that discretionary income and toys are a discretionary purchase as are other things. you are having some potential impact on the entire economy. obviously, toys and other things, as well. >> the president's plan calls for raising the tax rates on...
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obama ran on higher taxes for the wealthy and won. lz, shouldn't he be making the same argument? that is what he ran on. >> absolutely. you know what i find interesting, if you look at the statistics, many of the blue states that supported president obama are some of the richest states in the country. and so not only did you have him defeat romney pretty handedly in the electoral college, but people willing to sacrifice their own money to make sure that president obama, his policies made it to the white house. you know, it was the exact opposite in just the republicans. some of the red states were some of the poorest states in the country. so i think it is very interesting that when you see average american citizens who happen to be making a little bit more money willing to sacrifice for the good of the country, i think that's a good message and something to get behind and stand on. >> lz, our producers are here, can we keep them over the break? i want to be the mediator, do we have time for that? can we do that? stay on the other side of the break. i'm starting with the republic
obama ran on higher taxes for the wealthy and won. lz, shouldn't he be making the same argument? that is what he ran on. >> absolutely. you know what i find interesting, if you look at the statistics, many of the blue states that supported president obama are some of the richest states in the country. and so not only did you have him defeat romney pretty handedly in the electoral college, but people willing to sacrifice their own money to make sure that president obama, his policies made...
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. >> and, jason, president obama is returning to a tactic that he's used in the past. he's taken the pitch on taxes directly to the american people in a trip to pennsylvania today. house speaker john boehner not so happy about it. let's listen for a minute -- >> listen, this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign-style rallies and one-sided leaks in the press are not the way to get things done here in washington. >> well, republicans are reportedly planning their own fiscal cliff pr campaign designed to show that the democrats are simply digging in, they're being stubborn, election is over, shouldn't both sides be focused on doing the job they were elected to do. how do you see it? >> look, you're going to have a bunch of rallying on both sides and some of this is theatrics. it's christmastime. you know how you tell your kids you have to be really good or santa's not going to give you what you want but you know you will buy them the new ps-3 anyway. that's what's going on. both sides
. >> and, jason, president obama is returning to a tactic that he's used in the past. he's taken the pitch on taxes directly to the american people in a trip to pennsylvania today. house speaker john boehner not so happy about it. let's listen for a minute -- >> listen, this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign-style rallies and one-sided leaks in the press are not the way to get things done...
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speaker, before the election, you were asked whether if it obama won taxes would have to go up. and you sounded like you opposed that. now you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table. as a way to begin to move the process to get this resolved. >> right. so my question is, what message do you have for people who look at the negotiating division, and believe that it's inevitable that you'll have to accept some compromise on tax rates? >> the revenue is on the table. but revenue was only on the table if there were serious spending cuts as part of this agreement. it has to be part of the agreement. we have a debt crisis. we're spending too much. and while we're willing to put revenue on the table, we have to recognize, it's the spending that's out of control. >> mr. speaker. roughly what size spending cuts do you think it would take to reach a deal on the fiscal cliff, and do you think that at least the promise of spending cuts has to be included in this level deal at this time? >>
speaker, before the election, you were asked whether if it obama won taxes would have to go up. and you sounded like you opposed that. now you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table. as a way to begin to move the process to get this resolved. >> right. so my question is, what message do you have for people who look at the negotiating division, and believe that it's inevitable that...
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cuts, let president obama veto that extension, then vote a middle class tax cut and let the top bracket expire, and then republicans can say look, we didn't really break our pledge. taxes were going to go up across the board. we did what we could do and the president wouldn't let us do more. but i also think that president obama sees a real percentage for him in getting republicans to cross the line of agreeing to a rate increase. and that's why i think he's pushing so hard on this. i think most economists would agree that there is often more advantages in capping deductions than in just going for the rates, but i think there's a real political advantage for democrats looking ahead to battle after battle that we'll face down the road in getting republicans to cross that red line. it's sort of a scout, you might say. >> thank you both very much. >>> the united states opposed today's u.n. vote on the palestinian observer state. senator bob menendez saying it could inflame passions throughout the region. welcome to you, senator. >> good to be with you. >> explain to me why you feel so stro
cuts, let president obama veto that extension, then vote a middle class tax cut and let the top bracket expire, and then republicans can say look, we didn't really break our pledge. taxes were going to go up across the board. we did what we could do and the president wouldn't let us do more. but i also think that president obama sees a real percentage for him in getting republicans to cross the line of agreeing to a rate increase. and that's why i think he's pushing so hard on this. i think...
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mandatory spending cuts and tax hikes will take effect in 25 days if there is no deal. president obama was in the holiday spirit last night as his family lit the national christmas tree. earlier he warned the budget crisis would dampen the holidays. >> we're in the midst of the christmas season. i think the american people are counting on this getting solved. the closer it gets to the brink, the more stressed they're going to be. >> the president repeated that if republicans refuse to raise tax rates on wealthy americans, there will be no deal. and speaking of spending money, this sunday morning on "face the nation," bob schieffer talks with the author of the bowles-simpson deficit-cutting plan, erskine bowles and alan simpson. >>> here's a million-dollar question. should passengers be allowed to use electronic devices during takeoff and landing? this morning the fcc says yes. it's written a letter urging the faa to allow tablets, e-readers and other portable devices to be used in flight. the chairman of the fcc says personal electronics allow business travelers to do t
mandatory spending cuts and tax hikes will take effect in 25 days if there is no deal. president obama was in the holiday spirit last night as his family lit the national christmas tree. earlier he warned the budget crisis would dampen the holidays. >> we're in the midst of the christmas season. i think the american people are counting on this getting solved. the closer it gets to the brink, the more stressed they're going to be. >> the president repeated that if republicans refuse...
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for president obama, people already like his idea, about raising taxes on income over a quarter million dollars and keeping everybody else's rates low and having that be the approached to a balanced approach to the deficit. that popularity of the idea that he is traveling around the country talking about. the popularity, the positive polling numbers for what he is talking about around the country is one of the two big advantages that president obama has here. the other is sort of as yet unexplored territory. when it comes to this type of campaigning, to asking the public to get involved in a policy issue, this president has an advantage that we don't really know how it is going to play out. this president, more than any other president and candidate in america history, maybe more than any other candidate in any country in history has built up a complex, comprehensive, robust, working system for finding his supporters, figuring out how best to contact them and then mobilizing them on his behalf, more than anybody else in history. the data-driven, high-tech system of contact with voters t
for president obama, people already like his idea, about raising taxes on income over a quarter million dollars and keeping everybody else's rates low and having that be the approached to a balanced approach to the deficit. that popularity of the idea that he is traveling around the country talking about. the popularity, the positive polling numbers for what he is talking about around the country is one of the two big advantages that president obama has here. the other is sort of as yet...
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president obama is calling for $1.6 trillion in tax spikes. john boehner is telling him to get serious. >> with 32 days left, the two parties are trading insults with 90% of americans facing higher taxes next year. small business owners want answers. poppy harlow is talking to them. they are very nervous about this. >> very nervous and frustrated. they have no idea what is ahead. that uncertainty is the hard part. we went to new jersey to talk to owners of very different businesses that are equally frustrated that washington can't get it together. >> any company, any business did the method of accounting like the government, we would be in jail. >> you sound like you have had it. >> i have. here is the reservations. staffed 24 hours a day. >> reporter: he started the business back in 1984. today, he's got a staff of 75. 53 cars and one big question. >> i just want congress to tell me to come up with what the boundaries are so i know -- i know how to run my business, i know how to plan. >> reporter: he's laid off four employees in the last six
president obama is calling for $1.6 trillion in tax spikes. john boehner is telling him to get serious. >> with 32 days left, the two parties are trading insults with 90% of americans facing higher taxes next year. small business owners want answers. poppy harlow is talking to them. they are very nervous about this. >> very nervous and frustrated. they have no idea what is ahead. that uncertainty is the hard part. we went to new jersey to talk to owners of very different businesses...
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rates, will republicans agree to raising tax rates on the wealthy as president obama made clear. are you willing to go over the fiscal cliff if republicans do not agree that that? >> i think if there is no agreement whatsoever, the president has probably no choice but to say, okay, we're going to go over the cliff. that would no be my first preference. my first preference is that as we get closer to the cliff, that we find an agreement that makes some sense, so we don't have to go over it. if we don't go over,'re entering very unchartered waters. who knows how the markets will react, what will happen -- i hope we don't have to go over. >> and it could hit almost every single american, which is why when people are watching this, they're so frustrated they can't do what the american people want them to do. so are you telling me that congress needs a deadline and likes to go up to the deadline, is it posturing? >> no, the world is run by deadlines, you know, it's human nature not to do when you know what you should until you get closer to that deadline. it would be better if we work
rates, will republicans agree to raising tax rates on the wealthy as president obama made clear. are you willing to go over the fiscal cliff if republicans do not agree that that? >> i think if there is no agreement whatsoever, the president has probably no choice but to say, okay, we're going to go over the cliff. that would no be my first preference. my first preference is that as we get closer to the cliff, that we find an agreement that makes some sense, so we don't have to go over...
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obama, as you know, is standing very firm on the $1.6 trillion in tax hikes. he is offering $400 billion in cuts from the so-called entitlements but also wants to spend $50 billion on infrastructure. mr. boehner, on the other hand, is offering half -- half of what the president's number is on those taxes and not in what you'd say increases. more like closing of loopholes. he also wants much deeper cuts in entitlements and beyond. so we're watching both ends of pennsylvania avenue this hour. we've got dan lothian who is standing pat at the white house to figure out just exactly what the movements are every day. dana bash is on capitol hill. dan, let me start with you. we were just hearing from the president and we were cut off by a nasty satellite. let me talk about these business people and what exactly they can bring to the table because it seems as though he's soliciting them for advice. >> reporter: he is. but at the same time, you brought up a good point, that the president really has been doing a lot of the pressure as opposed to sitting down with lawmake
obama, as you know, is standing very firm on the $1.6 trillion in tax hikes. he is offering $400 billion in cuts from the so-called entitlements but also wants to spend $50 billion on infrastructure. mr. boehner, on the other hand, is offering half -- half of what the president's number is on those taxes and not in what you'd say increases. more like closing of loopholes. he also wants much deeper cuts in entitlements and beyond. so we're watching both ends of pennsylvania avenue this hour....
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and let's give tax cuts to the middle class. what is he talking about? this is about tax cuts. the president is saying, renew the payroll tax cut. give tax cuts to every dollar earned up to $250,000. i don't know what they're thinking, thomas. but obviously, they are putting it all on the line for the koch brothers and sheldon adelson who earn billions of dollars. they're selfish. and there's a group called patriotic millionaires who are saying please, please, tax us fairly. and here's the point. the president is saying to the millionaires and billionaires, we're just taking you back to the tax rates that you had when bill clinton was president. and i would like to remind everybody, we had the greatest prosperity then when everyone paid their fair share. 23 million new jobs. and why is it? because the middle class had the money to spend out there, to stimulate this economy. it's a consumer-driven economy. about 70% of the economy is consumer driven. and the other thing the president put on the table, i understand, is refinancing
and let's give tax cuts to the middle class. what is he talking about? this is about tax cuts. the president is saying, renew the payroll tax cut. give tax cuts to every dollar earned up to $250,000. i don't know what they're thinking, thomas. but obviously, they are putting it all on the line for the koch brothers and sheldon adelson who earn billions of dollars. they're selfish. and there's a group called patriotic millionaires who are saying please, please, tax us fairly. and here's the...
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in this horrific obama recovery. sure, if he wants to say it's a fairness thing, people don't think that's fair. they want debt entitlement -- debt and entitlement restructuring. that's what they voted for and the reason he's doing it now is because none of the democratic senators that were elected, and they did a great job, they really kicked our butts with these senators, none of them, not a one of them ran on increasing taxes on anybody in this kind of recovery. that top 2% are the job creators. they're small businesses. >> he also wants congress to give up that leverage over the debt ceiling because that is also presenting itself as another ugly battle. and you know what, paul begala, it is being said that that is one heck of a piece of boehner leverage. >> well, it is. but i think it's outrageous. i think this brinksmanship about the budget and the fiscal cliff is all just fine. i don't want to go over the cliff. i think it would be irresponsible. >> does the president want to go over? we got to listen to all th
in this horrific obama recovery. sure, if he wants to say it's a fairness thing, people don't think that's fair. they want debt entitlement -- debt and entitlement restructuring. that's what they voted for and the reason he's doing it now is because none of the democratic senators that were elected, and they did a great job, they really kicked our butts with these senators, none of them, not a one of them ran on increasing taxes on anybody in this kind of recovery. that top 2% are the job...
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in the "wall street journal" they write obama's flexible on highest tax rates. white house's flexibility, described by bowls, confirmed by the administration officials, could envision tax rates -- tax rate increase from the current level but was less than clinton era levels. if the republicans can say, we cut taxes from where they were under clinton it gives them cover though rates may go up. a weird, if there is an act of kabuki theater that would be it, right. >> i see a parallel between the two news story the palestinian vote and the congressional stuff because boehner's -- >> be careful here, my friend, please. >> let me do my caveats first. i still have a job when i walk out of the studio. i sort of see a boehner in the role of a boss here. you know he has got, you know, he's got still a very hard core group of people on right who are not still -- still not terribly afraid and are not taking lessons out of election so he really does have a fundamental concern about how he's going to put together a coalition to do this. and i really do think, for all joking
in the "wall street journal" they write obama's flexible on highest tax rates. white house's flexibility, described by bowls, confirmed by the administration officials, could envision tax rates -- tax rate increase from the current level but was less than clinton era levels. if the republicans can say, we cut taxes from where they were under clinton it gives them cover though rates may go up. a weird, if there is an act of kabuki theater that would be it, right. >> i see a...
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anybody with a brain knows that this guy, obama, that is his only insistence. but no someone favor -- go look at the tax code. that is what we spent eight months doing. looking at this code. in there is $1,100 ,000,000 of tax expenditures, tax earmarks spending by any other name. guess what? 20% of the american people use 80% of it. who do you think that is? that is you and me and the guys with money. only 27% of the american people itemize. that means three-quarters of the american people never heard of those goodies. so if you want to get something from the rich, just go in to the tax code and start ripping. you don't have to call at it tax increase. it will take time to do. that is where you get your scratch. >> bret: there is so much talk about taxes but little talk about spending or cut to spending. george will wrote spending the main culprit because the federal revenue is $2.6 # trillion. spending is $3.76 trillion. we're spending $987 billion more than we would be if we increased bill clinton's last budget for inflation. and population growth. >> you can
anybody with a brain knows that this guy, obama, that is his only insistence. but no someone favor -- go look at the tax code. that is what we spent eight months doing. looking at this code. in there is $1,100 ,000,000 of tax expenditures, tax earmarks spending by any other name. guess what? 20% of the american people use 80% of it. who do you think that is? that is you and me and the guys with money. only 27% of the american people itemize. that means three-quarters of the american people...
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taxes on those making $250,000 or more. if you look at questions coming in, there's still concerns about those ideas, so the president answering those this afternoon. this is really like a twitter town hall. he used a similar tactic back in 2011 to talk about jobs and the economy. also remember during the payroll tax cut fight, senior administration officials tell me they have gotten more responses during this my2k hash tag initiative than in the past. that stands for $2,000, which is how much taxes would increase. john boehner says this is at a standoff. all sides need to come back to the table at some point to get progress anytime soon. tamron. >> let me bring in congressman chris van hollen. thank you for your time, sir. very busy and saw you on the monday morning program as well. how would you categorize talks right now? is this a true stalemate? >> well, it's only a stalemate because speaker boehner, the republican leader, has not put his proposal on the table. as you know, the president has put his cards on the table.
taxes on those making $250,000 or more. if you look at questions coming in, there's still concerns about those ideas, so the president answering those this afternoon. this is really like a twitter town hall. he used a similar tactic back in 2011 to talk about jobs and the economy. also remember during the payroll tax cut fight, senior administration officials tell me they have gotten more responses during this my2k hash tag initiative than in the past. that stands for $2,000, which is how much...
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Dec 7, 2012
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he knows that taxes go up on the top 2%. obama won that in the campaign. the problem that the speaker faces is his members won on a campaign platform they were going to lower taxes for high-income folks. it's a tough sell to get his members to do that, which they don't want to do. on the other hand his members know that the end game will be taxes go up on the it top 2%. either they'll have the maneuver of two votes so everybody has a face-saving way forward on the revenues, or we'll wait until january and put a tax bill on the floor where they maintain their commitment to groefrer norquist and vote at that point for lower taxes. >> you are one of the democrats who has indicated in the past you'd be willing to go off the so-called cliff if that's awhat it takes to get a good deal. are you at all concerned the message that that sends to the markets, the message that sends potentially to consumers as well during this busy holiday shopping season? >> i am. you know, it's another indication of congressional dysfunction. so it's not anything that's particularly
he knows that taxes go up on the top 2%. obama won that in the campaign. the problem that the speaker faces is his members won on a campaign platform they were going to lower taxes for high-income folks. it's a tough sell to get his members to do that, which they don't want to do. on the other hand his members know that the end game will be taxes go up on the it top 2%. either they'll have the maneuver of two votes so everybody has a face-saving way forward on the revenues, or we'll wait until...
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Dec 3, 2012
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obama campaigned on. so those are the big differences right now. but this certainly is important, wolf, because republicans were saying that they're not even sure that this ball was in their court. clearly they realized it was. so the talks -- there is stalemate no more, put it that way. >> on this key issue of marginal tax rates for the wealthy, the republican offer is keep the tax rates exactly as they are right now, 35% for that 2% wealthiest families making more than $250,000. the obama proposal is raise that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age, means testing, things like that. so then we
obama campaigned on. so those are the big differences right now. but this certainly is important, wolf, because republicans were saying that they're not even sure that this ball was in their court. clearly they realized it was. so the talks -- there is stalemate no more, put it that way. >> on this key issue of marginal tax rates for the wealthy, the republican offer is keep the tax rates exactly as they are right now, 35% for that 2% wealthiest families making more than $250,000. the...
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Dec 5, 2012
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it's noted that the democrats have celebrated the proposal put out by president obama. meanwhile, you have a number of republicans slamming speaker boehner. how would you describe his position right now? >> well, he really didn't win for losing. he's trying to say to president obama if i wanted topaz your proposal i can't do it. he's really truly between a deal and promise and getting the fight over with and a conference that won't allow it. i think what senator demint is saying and house republicans are saying to john boehner is, let's go over the cliff. that we can live with the sequester and we absolutely will not raise tax rates no matter what. what that does is eliminate all of the tax cuts and then there's a new fight in january to push obviously by the democrats to restore tax cuts for 98% of americans. and then that will be muddied by the need for a debt ceiling increase and the fight goes in to february. it's government at the brink all the time. we don't know how the markets and the credit rating agencies will react. probably be bad ybut i think that's what yo
it's noted that the democrats have celebrated the proposal put out by president obama. meanwhile, you have a number of republicans slamming speaker boehner. how would you describe his position right now? >> well, he really didn't win for losing. he's trying to say to president obama if i wanted topaz your proposal i can't do it. he's really truly between a deal and promise and getting the fight over with and a conference that won't allow it. i think what senator demint is saying and house...